Consolidated Statements of Changes in Equity

Consolidated statements of changes in equity in CHF m

        Other reserves                
at 31 December 2021 and 2020   Total share capital   Treasury shares (par value)   Share premium reserves   Hedging reserves   Cumulative translation reserves   Total other reserves   Retained earnings   Total attributable to equity holders   Noncontrolling interests   Total equity
Balance 31 December 2019 as previously reported   1 228   –10   825   2   –1 258   –431   1 719   2 506   171   2 677
Restatement (see note 1.03)                       -   9   9       9
Balance 1 January 2020 restated   1 228   –10   825   2   –1 258   –431   1 728   2 515   171   2 686
Net result                         784   784   41   825
Cash flowCash flowEconomic indicator representing the operational net inflow of cash and cash equivalents during a given period.View entire glossary hedge               –1       –1       –1       –1
Net investment hedge                   26   26       26       26
Remeasurements:                                        
Actuarial loss on retirement benefit obligations (see note 20)                         –38   –38       –38
Return on retirement benefit plan assets, excluding amount included in interest expense (see note 20)                         124   124       124
Deferred tax on remeasurements (see note 10)                         –18   –18       –18
Currency translation differences                   –258   –258       –258   –17   –275
Fair value adjustment on financial assets                         –9   –9       –9
Share in other comprehensive income of associates and joint ventures (see note 8)                         1   1       1
Effect of the reclassification of foreign exchange differences on previously held net investments in foreign entities                   130   130       130       130
Total comprehensive result for the period         –1   –102   –103   844   741   24   765
Reclassification to reserves           220           220   –220        
Distributions           –786           –786   –203   –989       –989
Dividends to noncontrolling interests                               –42   –42
Effect on disposal                                   –14   –14
Employee share scheme:                                        
Effect of employee services                         6   6       6
Treasury share transactions       1                 3   4       4
Balance 31 December 2020 Restated   1 228   –9   259   1   –1 360   –1 100   2 158   2 277   139   2 416
Balance 31 December 2020 as previously reported   1 228   –9   259   1   –1 360   –1 100   2 123   2 242   139   2 381
Restatement (see note 1.03)                         35   35       35
Balance 1 January 2021 restated   1 228   –9   259   1   –1 360   –1 100   2 158   2 277   139   2 416
Net result                         344   344   29   373
Net investment hedge                   22   22       22       22
Remeasurements:                                        
Actuarial gain on retirement benefit obligations (see note 20)                         28   28       28
Return on retirement benefit plan assets, excluding amount included in interest expense (see note 20)                         152   152       152
Limitation on recognition of net pension asset (see note 20)                         –166   –166       –166
Deferred tax on remeasurements (see note 10)                         –7   –7       –7
Currency translation differences                   –58   –58       –58   1   –57
Fair value adjustment on financial assets (see note 9)                         2   2       2
Share in other comprehensive income of associates and joint ventures (see note 8)                         2   2       2
Effect of the reclassification of foreign exchange differences on previously held net investments in foreign entities                   –4   –4       –4       –4
Total comprehensive result for the period           –40   –40   355   315   30   345
Distributions from Share capital   –232   2                     –230       –230
Dividends to noncontrolling interests                               –28   –28
Effect of Business Combination (see note 27)                               46   46
Transaction with noncontrolling interests                               –1   –1
Employee share scheme:                                        
Equity share options issued                         4   4       4
Treasury share transactions       –1                 –7   –8       –8
Balance 31 December 2021   996   –8   259   1   –1 400   –1 140   2 510   2 358   186   2 544
1 The notes form an integral part of the consolidated financial statements.